₦airaland Forum

Ajehkpako4naija:
you will be the one that will be badly hit the worse, because am very comfortable financially, pls tell ur druggie to get you fuel at 150/lit as an ardent brainwashed follower.

Reinaldo:
Indeed. 8k remittance

Ajehkpako4naija:
Nothing good can come from a druggie and a thief. False news

The forex reform of President Bola Tinubu is seen to be having a positive impact on inflow of remittance into the country.

The reform aims to address the challenges of foreign exchange by floating the Naira, allowing market forces to determine the exchange rate.

Many Nigerian big firms have since then launched and partnered initiatives that now allow Nigerians and Africans abroad to seamlessly bring and pay money back to the country.

According to a Twitter user identified as AItalkspace,” Remittances and international payments have kinda received a boost in Nigeria after the exchange rate changes from a few weeks ago. Flutterwave now supports international tuition payments in naira, Paga just announced international payouts in naira, and Access Bank just partnered with Remitly.”

Access Bank and Remitly

Access Bank’s partnership with Remitly, now allows customers to receive and deposit cash in Dollars in all access bank branches.

Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 135 countries.

According to Access Bank, the transactions will be available to both account and non-account holders requiring only a valid ID for dollar pickups. The bank stated that an instant domiciliary account is opened up on receipt of remittance payment.

Tuition by Flutterwave

Tuition launched by Flutterwave now enables Nigerians and Africans studying overseas to pay their school fees in any part of the world seamlessly and in time using localised currencies and local payment methods.

” We are dedicated to bridging the gap between African students and inadequate banking infrastructures, fraud, high exchange rates, and many more.

“Pay local, study global,” Flutterwave stated

Paga

Paga has declared openly that it is available for businesses from any remittance company interested in local partnerships.

Tayo Oviosu, chief executive officer of Paga disclosed this on his official Twitter handle welcoming every interested partnership.

“Nigerians can now receive remittances in Naira.

“Paga is wide open for business for any remittance company looking for a local partner.

“Remittances can be delivered to any phone number or financial institution with great reliability,” Oviosu tweeted.

Meanwhile, many companies have also backed the president’s forex policy reform since it was signed, because of the ease of operation, BusinessDay has earlier reported.

Sunil Bharti Mittal, chairman of Bharti Airtel Limited during his recent visit to Nigeria applauded the president for addressing the challenges of foreign exchange by floating the Naira, allowing market forces to determine the exchange rate.

He said the lack of easy access to forex has remained a difficult challenge for investors over the years.

“One of the key changes that his excellency has made in the first few days of his tenure has been making Naira free float unto the market, making the market decide,” Mittal said.

According to him, “One of the biggest problems for foreign investors in Nigeria for many years has been the lack of easy availability of forex, where foreign investors who have spent billions of dollars do not mind paying whatever the market rate is as the market must decide but to be prevented from importing critical infrastructure equipment from our partners like IBM and other software agencies, making it extremely difficult for a company like Airtel which must be the case with others as well.”

Other investors in the country have also cheered the federal government’s move to address forex challenges through the reform.

keymatt:
Let me ask you a simple question two years old 🧓 can answer. Is forfeiture a punishment for wrong doing? YES OR NO?

Bridget95:
All of you who because of tribalism voted Emi lokan will suffer more in this period of RENEWED SHEGE.

chaddy16:
Please nairalanders
I don't want to go into too much details because of time. I am in the middle of life and death here. I need to raise some funds this morning to clear some very crucial debt that could make me take my life. Please assist me with anything you can at this moment. God bless you. My account details is on my Bio.

bennybuhari:
Yoruba Muslims are liberal. Some even marry Christians like Tinubu

Parachoco:
I once saw him in a Church, nah why I talk so

Nothing is uncalled for

bennybuhari:
My friend Femi is a Christian

bennybuhari:
Yeah. He bears Quadri and Femi

Parachoco:
It seems nah the two religion the Dep Gov of Lagos dey do

SalamRushdie:
It's not an innovation, every single IG since 1999 makes this anoouncment and it's for a a selfish reason if you don't t know

LegendHero:
Within 2 weeks of president Tinubu in power, he is making some strategic policy decision that previous government do not have the courage to make nor the courage to stand their ground.

Within 2 weeks, President Tinubu removed subsidy and multiple exchange rate. Some of the topmost economic decision that strategists have advised the FG to pursue.

It is not news anymore that Nigeria is plagued with insecurity ranging from banditry, secessionist terrorism, ethnic clashes, Fulani herdsmen clashes, unknown gunmen and etc.

I know President Tinubu will make a move on security soon, but can anyone predict his next move on security that will shake the entire architecture and redirect our path?

I would have said state policing, but that’s impossible now because the bill did not scale through at NASS. Sacking military chiefs will not be enough because there need to be some structural change in our architecture entirely.

It seems Tinubu is following his written manifesto, I will predict his next move will be right there in that manifesto.

Malory:
Did Tinibu stick to his own manifesto or is he copying what Obi proposed in his own?